Funding you earn now, next payment 02:00 UTC−0.3482%/8h= −381.3% APRnext payment −$4.35 per $10,000 · paid last 24h −1.207%
Price spread now: Injective against Kraken Futures−1.068%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$104 a day on $10k at the current rate, and Injective is 1.068% cheaper against Kraken Futures than usual: you would sell low and buy high (−$107 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_USUALUSD | 0.01380 | −0.0647 | get 0.0081% / 1h | 19m 07s | $112K | $18K | 10x |
| Short | Injective USUAL/USDC PERP | 0.01365 | −0.4129 | pay 0.0516% / 1h | 19m 07s | $6K | $2K | 5.5x |
Kraken Futures PF_USUALUSD
Injective USUAL/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Kraken Futures. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$731.3
- Price spread: −1.068% → 0.000%
- −$106.84
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$848.16
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: live order book, 48 min ago; Injective: no order-book sample. Net counts fees only.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Kraken Futures live order book, 48 min ago | 33.50 bp | 40.5 bp −$41 | doesn't fit | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
USUAL on 11 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective USUAL/USDC PERPshort | −0.4129% | 1h | 0.01365 | −1.068% | $6K | $2K | 5.5x | |
| Kraken Futures PF_USUALUSDlong | −0.0647% | 1h | 0.01380 | long leg | $112K | $18K | 10x | |
| Hyperliquid USUAL | +0.0100% | 1h | 0.01382 | +0.164% | $396K | $180K | 3x | as long as short |
| Binance USUALUSDT | +0.0100% | 4h | 0.01380 | +0.011% | $2.2M | $3.3M | 50x | as long as short |
| Bybit USUALUSDT | +0.0100% | 4h | 0.01381 | +0.077% | $1.0M | $753K | 25x | as long as short |
| Gate USUAL_USDT | +0.0100% | 8h | 0.01382 | +0.164% | $934K | $180K | 50x | as long as short |
| MEXC USUAL_USDT | +0.0100% | 4h | 0.01380 | −0.003% | $6.0M | $241K | 100x | as long as short |
| KuCoin USUALUSDTM | +0.0100% | 4h | 0.01382 | +0.164% | $272K | $56K | 20x | as long as short |
| Bitget USUALUSDT | +0.0100% | 4h | 0.01382 | +0.164% | $828K | $389K | 50x | as long as short |
| BingX USUAL-USDT | +0.0100% | 4h | 0.01381 | +0.113% | — | $1.2M | — | as long as short |
Hyperliquid USUAL
Binance USUALUSDT
Bybit USUALUSDT
Gate USUAL_USDT
MEXC USUAL_USDT
KuCoin USUALUSDTM
Bitget USUALUSDT
BingX USUAL-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni USUAL | +0.0100% | 4h | 0.01387 | +0.526% | $10K | $208 | — | as long as short |
Variational Omni USUAL